With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.
Newmont Mining News
The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.
Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20
Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.
The massive project is expected to process close to 80,000 tonnes of copper ore a day.
Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.
Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.
A potential expansion would allow South America's largest gold mine generate about 200,000 ounces of the precious metal per year between 2020 and 2025
The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.
Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.
Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.
Denver-based Newmont Mining “prioritized eviction and litigation over dialogue” in its fight to acquire Goldman Prize winner Máxima Chaupe’s land in Peru.
Newmont ranked mining industry leader by Dow Jones Sustainability World Index for second year in a row
Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.
Two major gold stocks shot up by more than 40% in July, but there's been notable losers with Goldcorp dropping to fourth most valuable gold miner.
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.
The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.
The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.
The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.
The company's president, Kelvin Dushnisky, said he expects the imminent sale of six U.S. assets to close before the end of the year.
AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.
The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.
The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.